MNI: Canada Mortgage Growth At Lowest Since 2001 At 3.3%

FED: POWELL TESTED POSITIVE FOR COVID-19, HAS SYMPTOMS

MNI China Daily Summary: Friday, May 17

MNI BRIEF: China Cities Must Ensure Housing Project Delivery

MNI BRIEF: PBOC Sets A New Tool To Bail Out Property Sector

MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI: BAKER HUGHES US RIG COUNT 604; OIL RIGS 497; GAS RIGS 103

Canadians Buy Record CAD35.6B In Foreign Securities In March

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +14.4B CAD IN MAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest May 06: Stocks, Commodities, France

MNI (BEIJING)
BEIJING (MNI)

MNI picks keys stories from today's China press

Policy NewsHomepageCentral Bank NewsPBOCAPACChinaStoryEM Policy NewsAT&T Market NewsBank of America Market NewsEM Central Bank NewsPeoples Bank of ChinaPolicy StoryRegion
True

Highlights from Chinese press reports on Monday:

  • China stocks could continue trending upward driven by the CPC Politburo meeting's positive tone in late April and the U.S. Federal Reserve's more dovish stance, Securities Times reported citing analysts. Global funds have a strong willingness to allocate to Chinese assets with risk appetite increasing significantly, said CITIC Securities. The Hang Seng Index also surged for nine consecutive days, while the Nasdaq China Golden Dragon Index set a new closing high since November with a cumulative rise of over 8% over May 1-3, the newspaper said.
  • The China Commodity Price Index reached 115.4 points in April, up 3% m/m and down 0.4% y/y, according to the China Federation of Logistics and Purchasing (CFLP). Authorities' implementation of macroeconomic policy to drive domestic demand was gradually emerging as the CBPI had risen for two consecutive months, a CFLP representative said. Simultaneously, the nonferrous and chemical price index increased in April, providing strong support for the PPI index going forward. (Source: Securities Daily)
  • President Xi plans to exchange views with President Macron on the development of China-French and China-European relations as well as major international and regional issues, according to a written speech delivered upon arrival in Paris. Xinhua, a state news agency, said Sino-French trade has grown 5.9% on average annually since 2019, with France a major source for Beijing’s imports of airplanes and aircraft parts. China imported CNY46.95 billion of agricultural products from France in 2023, up 50.5% over 2019 and more than any other EU nation.
259 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Highlights from Chinese press reports on Monday:

  • China stocks could continue trending upward driven by the CPC Politburo meeting's positive tone in late April and the U.S. Federal Reserve's more dovish stance, Securities Times reported citing analysts. Global funds have a strong willingness to allocate to Chinese assets with risk appetite increasing significantly, said CITIC Securities. The Hang Seng Index also surged for nine consecutive days, while the Nasdaq China Golden Dragon Index set a new closing high since November with a cumulative rise of over 8% over May 1-3, the newspaper said.
  • The China Commodity Price Index reached 115.4 points in April, up 3% m/m and down 0.4% y/y, according to the China Federation of Logistics and Purchasing (CFLP). Authorities' implementation of macroeconomic policy to drive domestic demand was gradually emerging as the CBPI had risen for two consecutive months, a CFLP representative said. Simultaneously, the nonferrous and chemical price index increased in April, providing strong support for the PPI index going forward. (Source: Securities Daily)
  • President Xi plans to exchange views with President Macron on the development of China-French and China-European relations as well as major international and regional issues, according to a written speech delivered upon arrival in Paris. Xinhua, a state news agency, said Sino-French trade has grown 5.9% on average annually since 2019, with France a major source for Beijing’s imports of airplanes and aircraft parts. China imported CNY46.95 billion of agricultural products from France in 2023, up 50.5% over 2019 and more than any other EU nation.